Eurobench.com

voda 14 augustus 2017 17:04

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Petronet LNG net profit up by 16pct in Q1 2017

ET reported that Petronet LNG Ltd, India’s largest Liquefied Natural Gas importer, today posted a 16 per cent increase in net profit to INR 437.58 crore for the first quarter ended June 2017 as compared to INR 377 crore in the corresponding quarter. Total income of the LNG importer also jumped 21 per cent during the quarter at INR 6,505 core as against INR 5,386 crore recorded in the corresponding period last fiscal (2016-17).

Petronet said that "During the quarter ended 30th June, PLL processed highest combined throughput at 192 Thousand British Thermal Units. Dahej terminal processed 184 TBTU of LNG and had operated at around 97% of its average increased name plate capacity.”

It said that “The Dahej Terminal witnessed increase in throughput over the corresponding quarter by 12%. The Kochi Terminal processed highest ever quantity of 8 TBTU of LNG."

The company’s expenses grew 21 percent to INR 5,840 crore for the three months period ended June as compared to INR 4,831 crore in the corresponding period a year ago.

Source : ET

Bijlage:

voda 16 augustus 2017 17:16

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Egypt to reduce imports of LNG to 80 cargoes in 2017-18 year

Reuters reported that Egypt is planning to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that began in July, Petroleum Minister Mr Tarek El Molla said , down from the 118 cargoes imported last year. Egypt has been trying to speed up the development of recent gas discoveries with a view to halting imports by 2019.

Mr Molla said that “We were planning to import 154 cargoes of LNG in 2016-17 but we only imported 118 cargoes because of the increase in local gas production.”

Egypt expects to increase its LNG production by 1 billion cubic feet per day by the end of the current financial year to reach 6.2 billion cubic feet per day. Gas production will get a big boost from Italian national oil company Eni’s Zohr field, discovered in 2015 with an estimated 30 trillion cubic feet of gas in place. That field is expected to come into production at the end of 2017 and will save Egypt billions of dollars in hard currency that would otherwise be spent on imports.

Source : Reuters

haas 16 augustus 2017 18:03

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gvd: straks is dat gas uit Slochteren helemaal niets meer waard:)

voda 16 augustus 2017 18:09

0

quote:
haas schreef op 16 augustus 2017 18:03:
gvd: straks is dat gas uit Slochteren helemaal niets meer waard:)

Daarom moeten ze het lekker in de de grond laten zitten. Scheelt ook weer wat aardbevingen! :-)

voda 20 oktober 2017 15:38

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MOL adds to LNG vessel fleet

Mitsui OSK Lines (MOL), named as Energy Liberty a newbuilding LNG carrier, jointly owned by MOL and Tokyo LNG Tanker Co., Ltd. The Energy Liberty (capacity: 165,000m3) will be the eighth LNG carrier owned and managed by Tokyo LNG Tanker. MOL will directly manage six of those vessels, including this newbuilding. After delivery, the vessel will transport LNG from the Cove Point Project in the US to Tokyo Gas.
Source : Strategic Research Institute

Bijlage:

voda 24 oktober 2017 16:14

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Indonesia asks LNG Japan Corp to reduce costs at Tangguh gas project

Reuters reported that Indonesia's energy minister asked LNG Japan Corporation to work with the local upstream oil and gas regulator to reduce LNG production costs at the Tangguh gas project in West Papua province, the energy ministry said in a statement.

The discussion took place during a working visit by Energy and Mineral Resources Minister Ignasius Jonan to Japan earlier this week.

No further detail was provided on the talks on Tangguh, but Jonan said Indonesia would continue to prioritise meeting domestic demand over exports, and would seek long-term supply contracts over spot market deals wherever possible.

LNG Japan Corporation, jointly owned by Japanese trading houses Sojitz Corp and Sumitomo Corp, holds a stake in the Tangguh project, which is operated by BP.

Source : Reuters

Bijlage:

voda 1 november 2017 21:04

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DSME to develops system for LNG transport from vaporization

Korea JoongAng Daily reported that Daewoo Shipbuilding and Marine Engineering (DSME) has developed a system for liquefied natural gas containers that results in minimal loss of gas from vaporization. The company said that the system, called Solidus, has the lowest level of vaporization, at 0.05 percent.

The company said that that until now, 0.07 percent had been the industry threshold, according to the shipbuilder. Less vaporization means ships can deliver more gas and save money.

DSME estimates that companies can save roughly KRW 500 million a year using the system on a 17-cubic-meter (600-cubic-foot) liquefied natural gas carrier.

Source : Korea JoongAng Daily

voda 8 november 2017 21:20

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Total loopt in op Shell met grote LNG-deal

Gepubliceerd op 8 nov 2017 om 19:59 | Views: 734

Royal Dutch Shell A 17:36
27,88 -0,02 (-0,05%)

Total 17:35
48,93 +0,04 (+0,07%)

PARIJS (AFN/BLOOMBERG) - De Franse olie- en gasmaatschappij Total neemt de LNG-activiteiten van het eveneens Franse energiebedrijf Engie over. Met de aankoop wordt Total de op een na grootste speler ter wereld op de LNG-markt, na het Nederlands-Britse Shell.

Met de aankoop is minimaal 1,5 miljard dollar gemoeid. Het bedrag kan nog met 550 miljoen dollar oplopen als de marktomstandigheden voor LNG de komende jaren verbeteren.

LNG is vloeibaar gemaakt aardgas. Door het gas vloeibaar te maken kan het makkelijker worden vervoerd. De aankoop door Total behelst de totale LNG-productietak van Engie, bestaande uit deelnemingen in LNG-fabrieken, LNG-schepen en installaties in Europa om de LNG weer om te zetten in gas.

voda 20 november 2017 20:37

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Spot LNG continues steady climb as winter demand
Published on Mon, 20 Nov 2017

ICIS reported that spot LNG prices continued a steady climb in the four weeks from 16 October to 15 November, on the back of growing demand from east Asian buyers, and tender activity from Egypt, India and Pakistan, as well as strengthening crude oil prices.

The ICIS December East Asia Index opened the period at USD 8.900/MMBtu, rising to USD 9.650/MMBtu by the end. It averaged USD 9.213/MMBtu over the month, up by 12% from the month before. It was also up by 30% against the same period the year before.

The world’s largest LNG buyers in east Asia are entering their winter demand period, drawing more cargoes to Japan and South Korea. KOGAS, the South Korean gas seller, was reported to be making preliminary enquiries for 10-20 cargoes.

China, meanwhile, continues to see rapid growth in LNG imports as it moves to switch heating fuels from coal to gas in order to alleviate air pollution concerns. Data from LNG Edge showed China imported 3.6 million tonnes of LNG in October 2017, up from 2.2 million tonnes in October 2016.

A flurry of tender activity added to the demand pressure in the market. India’s GAIL, GSPC and Bharat Petroleum were all looking for near-term cargoes for the November-January period. Pakistan LNG requested four each for January and February. Mexican utility CFE also came into the market for November and December deliveries.

Egypt’s EGAS ran a major tender to cover its requirements for the first quarter of 2018. It awarded a total of 12 cargoes to suppliers Gas Natural Fenosa, Glencore, Vitol and Trafigura. Nine of the cargoes are to be delivered to the Ain Sukhna port in Egypt, while three will be delivered to Jordan and regasified there, with the gas sent on via pipeline.

Relatively firm prices seen in the tenders, influenced also by the rising price of Brent crude, which broke through USD 60/bbl in late October, lent strength to the LNG spot market. The number of tenders underway may also have kept some supply out of the spot market, as traders held cargoes in reserve in order to meet positions they had bid for.

However, there were also some bearish signals. Late last year, Egypt had issued a tender for the full year 2017, calling for 68 cargoes, of which nine were ultimately deferred from 2017 to 2018. This year’s tender of only 12 cargoes for a quarter suggests a decline in LNG demand as domestic gas production improves, and with the giant Zohr field due onstream soon, reducing the country’s import requirements. Japan, meanwhile, received its first cargo from Australia’s new Wheatstone LNG project.

South America is now out of its main winter demand period and countries such as Argentina are not expected to be active in the market in the near term. The South America Index (SAX) remained firm at an average of USD 8.447/MMBtu, but the region is not expected to pull in many spot cargoes.

Within Europe, the Iberian region was the strongest, with an average Iberia Index (IBX) price of USD 7.503/MMBtu. Spain, in particular, was drawing in a steady string of cargoes from Peru’s Pampa Melchorita plant. Offtaker Shell originally targeted Peruvian cargoes for sale under long-term contract to Mexico, but recently has been diverting most of the output to alternative destinations, while Mexico has been able to take advantage of US pipeline gas and spot cargoes from the southern US Sabine Pass facility.

Source : ICIS

Bijlage:

voda 21 november 2017 13:49

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Bid for Santos puts spotlight on Papua New Guinea's juicy LNG assets

Reuters reported that takeover interest in Australia's Santos, a company that not long ago was drowning in debt, shines a spotlight on a burgeoning hotspot for oil and gas producers: Papua New Guinea. The South Pacific nation, one of the world's least explored countries but known for corruption and violence, has become a key source of growth for two of the world's biggest energy companies ExxonMobil Corp and Total SA looking to expand their liquefied natural gas businesses.

With oil and gas prices recovering this year and LNG demand especially in China skyrocketing, investors are scouring the globe for juicy investments, and Papua New Guinea has landed on their radar.

Now private equity wants to get in on the game, with US based Harbour Energy eyeing a bid for Santos Ltd, Australia's no.2 independent gas producer, which has a 13.5 percent stake in ExxonMobil's Papua New Guinea LNG project.

Mr Saul Kavonic of energy consultancy Wood Mackenzie said that "As an acquisition, the prize jewels in Santos are its stakes in PNG LNG.”

Investors are attracted by Papua New Guinea's high-yielding gas fields, with the gas rich in liquids that generate extra revenue, and easily exported to North Asia's booming markets as LNG on tankers.

Costs are low, a key to grabbing the next leg of growth in the LNG market, as plants in Australia and the United States flood the market with new supply.

Santos is not the only company to have caught the attention of investors because of its Papua New Guinea assets.

Oil Search limited, ExxonMobil's partner in PNG, fended off an USD 8 billion approach from Australia's biggest energy company, Woodside Petroleum, two years ago, around the same time Santos rebuffed a bid from a fund backed by the royal families of Brunei and the United Arab Emirates.

ExxonMobil sealed its dominance in the country by taking over InterOil, another PNG player, for USD 2 billion earlier this year after trumping a bid from Total and Oil Search.

Regrouping after Santos spurned an AUD 9.5 billion (USD 7.2 billion) approach, Harbour Energy may have to pay more than AUD 11 billion to snare its target in what would be one of the biggest oil and gas deals since Royal Dutch Shell took over BG Group to become the world's biggest listed LNG producer.

Santos was in deep trouble just a few years ago, struggling with high debt and low oil and gas prices. But asset sales, debt reduction and cost-cutting have led it back to health.

Some analysts now say a bid even at AUD 11 billion would be too low, in part due to its production costs, to which Papua New Guinea contributes.

Mr Cai Lewis, senior adviser at ASR Wealth Advisers said that "The company has been a turnaround story. By selling down poorly performing assets and driving efficiencies, management has brought down breakeven production costs an incredible 32% to USD 32 per barrel.”

Papua New Guinea is an unusual investment destination. The country to the north of Australia is one of Asia's poorest, remote, troubled by corruption and sporadic violence.

Source : Reuters

voda 28 november 2017 16:39

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'Shell in nieuwe LNG-terminal Pakistan'

Gepubliceerd op 28 nov 2017 om 08:19 | Views: 853

Royal Dutch Shell A 16:21
27,02 +1,04 (+3,98%)

ISLAMABAD (AFN/BLOOMBERG) - Shell stapt samen met enkele bedrijven in de ontwikkeling van een nieuwe LNG-terminal in Pakistan. Dat heeft de Pakistaanse premier Shahid Khaqan Abbasi gezegd in een interview.

De installatie wordt gerealiseerd in de haven van Qasim ten zuiden van de stad Karachi. Naast Shell zijn Engro, Gunvor en Fatima Energy de partijen die deel uitmaken van de samenwerkingsovereenkomst. De bedrijven zijn volgens Abbasi goed voor een investering van 500 miljoen dollar.

voda 1 december 2017 20:52

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Small LPG vessel segment projected to do well in 2018

Among the different size categories of LPG ships, the small vessel segment is expected to be the best performer in 2018 while Handysize vessels will be the worst, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

The LPG shipping market is currently oversupplied with vessels (with the exception of the small segment of 1,000-5,000 cbm), as a result of strong fleet growth during the last three years. The global LPG fleet expanded at an annual average rate of 17% in 2015 and 2016, and is expected to grow by 9% in 2017. However, shipowners can now breathe a sigh of relief as fleet growth is set to slow down to 5% in 2018 and 3% in 2019, respectively, said a release.

As growth rates vary among size segments, Drewry has looked into the freight rate prospects of different size category of vessels and believes that Handysize ships (12,000-25,000 cbm) will be the worst performers in 2018, while small LPG vessels (1,000-5,000 cbm) will be the best. Fleet growth will be the main catalyst for their freight rate outlook.

Ample supply will keep charter rates under pressure, as the expansion of long-haul LPG trade will tend to favour VLGCs and MGCs. Moreover, the Olefin gases trade will not be strong enough to keep all Handysize vessels employed. By contrast, fleet growth in the small LPG vessel category will be negative on the back of a thin orderbook and expected demolitions, which will support freight rates for this segment.

Mr Shresth Sharma, senior analyst for gas shipping at Drewry, said "In absolute terms, VLGCs have the highest EBITDA, while small coasters have the lowest. However, in order to make a better comparison, we have calculated the payback period, based on the price of a five-year old vessel in each segment and our EBITDA forecast for next year. Our estimates point out that the small LPG segment will return the investment in eight years, while in the Handysize segment it will take 19 years," he added.

Source : Exim News

Bijlage:

voda 3 januari 2018 21:13

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Adoption of LNG as marine fuel significantly accelerated in 2017 - Titan LNG

The team of Titan LNG is very much looking forward to 2018 as in the past year the stage has been set for a push in the adoption of LNG as a marine fuel beyond the tipping point. The order book for LNG-powered ships grew substantially, the LNG bunkering infrastructure is maturing and the pricing of LNG has become structurally competitive versus MGO. In 2017 around 11% of all new build contracts were LNG powered ships, a trend that we expect to continue during 2018.

Titan LNG is very pleased with these developments and we are proud to be at the forefront of this market. LNG Truck-to-Ship bunkering, and from next year on with our LNG bunkering pontoon, the FlexFueler 001 makes LNG readily available, therewith paving the way for more orders of LNG powered vessel. Ship owners are facing a choice with 2020 approaching: run on MGO, HFO with scrubbers, or go for LNG.

Titan LNG believes that scrubbers can only be a temporary solution and that LNG fuelled ships, combined with power-to-gas or biogas offer a credible and cost competitive path to decarbonisation and improved air quality. We are confident that overcoming the barriers to scaling up LNG as a transportation fuel is worth it and we stand by our mission to help eradicate oil burn.

Source : Strategic Research Institute

voda 3 januari 2018 21:17

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SGMF predicts boom in LNG shipping fuels sector

Mr Mark Bell, General Manager, SGMF, said that there have already been many significant, positive announcements for the gas-fuelled shipping industry this year, and as we enter our fourth year of operation, I’m delighted to state that SGMF is in a robust and well-established position to deal with the expected surge in activity we anticipate, moving into 2018. 2017 has also seen a leap in membership uptake, and we welcomed 22 new members over the past 10 months alone. This is surely indicative of the benefits that membership brings, but moreover it highlights the clear and robust argument in favour of Natural Gas as we all move towards a more sustainable future.

Thanks to the diligent and committed work from the members and the Secretariat, much of the groundwork in the areas of Safety and Technical operational matters are now settled, with many of those best practices and guidelines being widely adopted and accepted by both National Authorities and Regulatory Authorities. Notable achievements have been the Training and Competence Guidelines in 2017 and the QCDC delivered to ISO in the middle of the year. Applying the “80/20 rule”, we believe the 20% that remains to be done is going to be the efficient development of SGMF guidelines as more and more operational experience is gained, with so many projects now being ordered and delivered. Our portal was completely overhauled in 2017 and now up and running very well – but there will always be a place for an old school newsletter, too, so please do look out for these every now and then.

During 2017, we have held three board meetings; one Technical Committee, plus three regional forums as well as numerous working groups throughout the year. We finally commenced the Environmental Committee with meetings in Rotterdam and Jacksonville, and in particular it is hoped the emerging suppliers group and engine group will quickly develop the environmental positions for the Society.

Mr Bell said that I have been asked many times recently; “when will be the tipping point for gas-fuelled shipping?” and I believe that in the future when we look back there won’t have been any specific moment we can point to. What I do think there will have been is an entire year – and that “tipping year” is surely going to be 2018. We have witnessed such significant increase in the number of projects and infrastructure recently and this is undoubtedly something we can all further look forward to as the greater maritime industry begins to embrace our message and realise the tremendous benefits of gas-fuelled shipping.

Lastly, we are delighted to announce we have a new employee joining the SGMF Team in February 2018. You will have a chance to meet Gianpaolo Benedetti, Senior Technical Advisor, at SGMF meetings and events next year.

Source : Strategic Research Institute

Bijlage:

voda 4 januari 2018 20:05

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India’s plans to build LNG ships go up in smoke

The Hindu Business Line reported that the government is abandoning a four-year effort to build LNG ships locally after GAIL (India) Ltd - the state-run natural gas firm which was central to the plan - said it no longer needed to hire some nine new sophisticated tankers for as much as 19 years in view of a potential change in the sourcing of natural gas purchased from the US.

GAIL told a high-level review meeting called by the government in December that it has swapped small quantities and was in the process of swapping larger quantities of “costly” LNG purchased from the US suppliers with other sellers.

Under this arrangement, GAIL would sell a large portion of the US LNG to buyers who would be responsible for shipping the cargo. In turn, GAIL would buy similar quantities from other suppliers such as Qatar who will take care of transporting the cargo. The swap deals would free GAIL from making transportation arrangements.

A Shipping Ministry official briefed on the discussions at the meeting, said that “GAIL told the meeting that it won’t need such large number of LNG ships estimated initially as it would not be in a position to employ them due to swapping of cargo.”

GAIL said that it has hired one LNG ship from the spot market for three years to start lifting the cargo from January 1, 2018.

He said, asking not to be named “What will we do if GAIL doesn’t want the ships any more.” A technology collaboration pact signed between South Korea’s Samsung Heavy Industries Co Ltd and state-run Cochin Shipyard Ltd, ended on December 31. The pact was signed in 2015 and was valid till December 2017. “There should have been some valid reason to extend the pact, but, with no hope on the horizon, the pact ended,” the official said.

Cochin Shipyard also secured a licence from Gaztransport and Technigaz (GTT), France to use its patented Mark-III LNG containment systems. Together with technology support from Samsung, Cochin Shipyard emerged as the only local shipyard eligible to build LNG carriers.

A shipping industry official described the development as a “shame” given that Prime Minister Narendra Modi and Shipping Minister Nitin Gadkari were keen on the plan as part of Modi’s ‘Make in India’ initiative.

Mr Modi had taken a keen interest in shipbuilding due to its potential for employment generation and had even visited the main yard of Hyundai Heavy Industries, the world’s largest shipbuilder, at Ulsan during a trip to South Korea in May 2015.

Samsung Heavy also put “time and effort” into the project to make it work by making several trips to India while Cochin Shipyard sent some of its workers to Samsung to be trained in LNG shipbuilding activities.

Source : The Hindu Business Line

Bijlage:

voda 12 januari 2018 14:29

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LPG, LNG tankers take advantage of expanded Panama Canal - Mr Sosa

Platts cited Ambassador Mr Juan B. Sosa, consul of Panama, as saying that with 2017 marking the first full year since the $5 billion expansion of the Panama Canal, shipments of liquefied petroleum gas and liquefied natural gas combined marked one of the largest uses of the recently enhanced waterway. The transport of cargoes of LPG and LNG, largely from ports along the US Gulf Coast to markets in Asia, has had a “tremendous impact” on the total volume of cargoes transiting through the canal in the past year, Sosa said, speaking at a joint meeting of the American Petroleum Institute and American Association of Drilling Engineers in Houston.

According to data from the Panama Canal Authority, the number of transits by LPG tankers almost doubled from 449 in fiscal year 2016 to 876 in fiscal year 2017, while the number of transits by LNG tankers jumped to 163 from 17 in the year-ago period.

Together, there were 1,039 transits of LPG and LNG in fiscal year 2017, placing the combined total fourth in the number of transits, behind containerized cargo ships at 2,493 transits; dry-bulk vessels at 2,915 transits; and chemical tankers at 1,959 transits in the same period.

Sosa said the increased traffic in petroleum-related products is a direct result of the expansion of the canal, which was completed in June 2016 and which allowed the locks of the canal to accommodate the much larger tankers that have become the international standard for shipments of LPG, LNG and other petroleum products.

Prior to the expansion, the canal could only accommodate Panamax vessels of up to about 80,000 dwt and a draft of less than 39.5 feet.

However, with the widening of the locks and other improvements, the canal can now accommodate the Aframax class of vessels, which can carry 120,000 dwt and make up about 80% of the global LNG fleet.

One result of the expansion has been to increase the volume of trade for ports along the Gulf Coast, particularly the Texas coast, as a result of the region’s importance as a hub for the petrochemical and LNG export industries.

He included in the greater Texas coastal region Sabine Pass, just over the Texas-Louisiana border and home to Cheniere Energy’s LNG export terminal, currently the only LNG exporting facility in the Lower 48 states. “The location of Houston is a tremendous asset,” Sosa said, noting that Texas is Panama’s No. 1 trading partner.

Source : Platts

voda 15 januari 2018 12:31

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Baltic Exchange to develop LNG freight index with ship brokers

Reuters reported that the Baltic Exchange is looking into launching a freight index for liquefied natural gas (LNG) and is working with leading ship brokers to explore potential shipping routes that might be used as the LNG market grows. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates, including ones used by the multi-billion dollar freight derivatives market.

Singapore Exchange acquired the exchange in 2016 and since then the Baltic has been looking for new markets to develop.

The London-run business said in a statement it would work with ship brokers Affinity, Braemar ACM, Clarksons and SSY to assess a variety of potential routes before moving to a trial phase.

Mr Mark Jackson, Baltic Exchange Chief Executive, said in the statement that “The growth in LNG transported by sea has led to the formation of a spot market. However, any spot market needs to be underpinned by standard contractual terms - as already happens in the tanker and dry bulk freight markets. The Baltic Exchange is looking to support the LNG freight market as it matures and we hope to deliver greater transparency through an index.”

Source : Reuters

voda 17 januari 2018 14:01

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Japan December spot LNG contract price hits near 3 year high - METI

Reuters reported that prices for liquefied natural gas (LNG) spot cargoes for Japan, the world's top buyer, rose to their highest in nearly three years in December, in line with firm spot prices in the region.

Preliminary data from the Ministry of Economy, Trade and Industry said that the average contract price for spot liquefied natural gas (LNG) cargoes for shipment to Japan last month was USD 10.20 per million British thermal units (mmBtu), up USD 1.20 from the previous month.

That marked the highest since January 2015. The average price of spot LNG cargoes that arrived in Japan last month was USD 8.10 per mmBtu. The prices were in line with strong Asian spot prices, which stood above three-year highs of USD 11.20 per mmBtu by late December as cold temperatures across Japan and continued strong demand from Chinese importers buoyed the market.

METI surveys spot LNG cargoes bought by Japanese utilities and other importers, but excludes cargo-by-cargo deals linked to benchmarks such as the US natural gas Henry Hub index. It only publishes a price if there is a minimum of two eligible cargoes reported by buyers.

Source : Reuters

Bijlage:

voda 19 januari 2018 21:27

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Hiranandani to pump in INR 7,000 crore for green energy in Bengal

Economic Times reported that after limited success in coal bed methane exploration, Bengal may finally get access to sufficient green energy. Courtesy, Hiranandani group. The project, conceived in 2015, had some initial hiccups but now founder of the group Niranjan Hiranandani is confident that the first phase can start in two years from now.

Hi Energy Ltd, the energy arm of the group, is planning to set up an offshore LNG terminal near Digha coast to bring gas in Bengal and eastern states. The total investment in the project will be over INR 1,200 crore in first phase which is likely to scale up to INR 7,000 crore in next few years. Hiranandani told TOI that it has tied up with K-Link, the second largest shipping company in Japan for importing LNG (liquified natural gas). Besides, it has got around 40 acres in Haldia for the project from Kolkata based Sarda Group of Ghanshyam Sarda.

Mr Sarda said that "We are proud to be a part of a project which would be of great importance for our state.”

Hiranandani said it's planning to build and operate a world-class floating storage re-gasification unit with the ultimate capacity of 6 million tonne per annum. This unit will gasify liquid gas.

Hiranandani was confident that within two years Kolkata will get clean gas. He added that "We are confident to do it in 24 months. We are already implementing such project in est coast and it is well on schedule. Initially we are investing in offshore vessels and connecting offshore with onshore through pipeline.” According to him, in the second phase it's planning to roll out city gas distribution in four other cities Durgapur, Asansol, Haldia and Siliguri.

He said that "We will connect five cities in 36 months.” Hiranandani also indicated that once production crosses critical level, the company is planning to supply green fuel to vessels plying on river.

An official said that "Being an essentially offshore project, the land requirement for it is nominal. This operation will also not interfere with the marine life.”

Source : Economic Times

voda 19 januari 2018 21:56

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Oiltanking, Vopak LNG and Gasunie LNG are in the process of establishing the JV “German LNG Terminal GmbH” - Port of Hamburg

Gasunie LNG Holding B.V., Oiltanking GmbH and Vopak LNG Holding B.V. are in the process of establishing the joint venture ‘German LNG Terminal GmbH’. The purpose of the joint venture is to build, own and operate an LNG (Liquefied Natural Gas) import terminal in northern Germany. The terminal will also provide LNG distribution services. To attract interest from the market and to gain detailed insight in customer demand, an Open Season will be launched. The Open Season starts on January 17, 2018.

The terminal offers the opportunity to further diversify Germany’s sources of gas supply and facilitates access to LNG as an alternative low-emission fuel for ships and trucks.

The development of German LNG Terminal is currently focusing on the location Brunsbüttel. The presence of the adjacent port of Hamburg and the industrial companies located in the region represents an attractive business environment. Via the Kiel Canal, in the direct proximity of the intended terminal, the Scandinavian countries and the Baltic States can easily be reached.

The start of the Open Season marks an important milestone in the development of Germany’s first LNG terminal. The aim of the facility is to offer the following services: discharge and loading of LNG ships, storage of LNG, regasification and send out into the natural gas network and LNG distribution via trucks and barges.

Source : Strategic Research Institute

Bijlage:

AEX 865,36 +0,01 +0,00% 18:05


Germany40^	17.742,40	-0,16%
BEL 20	3.826,58	+0,84%
Europe50^	4.915,84	+0,03%
US30^	38.013,46	+0,76%
Nasd100^	17.548,80	+0,25%
US500^	5.049,25	+0,59%
Japan225^	38.001,71	+0,68%
Gold spot	2.384,51	+1,00%
EUR/USD	1,0649	-0,21%
WTI	82,28	+0,09%

VIVORYON THER...	+11,51%
JUST EAT TAKE...	+5,71%
Air France-KLM	+4,18%
FASTNED	+3,00%
RANDSTAD NV	+2,65%

Pharming	-9,63%
ASMI	-6,10%
Avantium	-6,01%
PostNL	-5,84%
TomTom	-3,31%

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